Early Termination Reference Date definition
Examples of Early Termination Reference Date in a sentence
By the date that is five (5) Business Days after the Early Termination Reference Date (such date, the “Final Payment Date” in respect of the Early Termination Payment), PubCo shall pay in full to each TRA Party an amount equal to the Early Termination Payment applicable to such TRA Party.
The “Early Termination Payment” payable to a TRA Party pursuant to Section 4.3(a) shall equal the present value, discounted at the Agreed Rate and determined as of the Early Termination Reference Date, of all Tax Benefit Payments (other than any Tax Benefit Payments in respect of Taxable Years ending prior to the Early Termination Effective Date) that would be required to be paid by PubCo to such TRA Party, beginning from the Early Termination Effective Date and using the Valuation Assumptions.